Business Term Deposit

 Product Features

• Digital Banking

 Product Eligibility

• Min Age - 18. Additional Information: You need to nominate between one and four authorised users to operate your Business Term Deposit. They must be at least 18 years old.

• Other Additional Information: You need to nominate between one and four authorised users to operate your Business Term Deposit. They must be an Australian resident for taxation purposes.

• Other Additional Information: You must be an account holder using the product for business purposes or with a Self-Managed Super Fund (SMSF).

• Other Additional Information: The account cannot be used by bare/informal trusts, public companies, unincorporated associations, or a statutory account.

 Bank Fees and Charges

• Account Fee (Periodic), Amount: 0.00. Additional Information: There are $0 monthly fees.

• Early Withdrawal (Exit), Amount: 0.00. Additional Information: You may withdraw all (but not part) of your deposit before the end of the term. A reduced rate of interest will apply in these circumstances. You'll need to give us at least 31 days' advance notice (except in the case of hardship).

 Limitations & Restrictions (Constraints)

• Min Balance of 10000.00 Additional Information: A minimum combined balance of $10,000 is required across any Business Optimiser and Business Term Deposit accounts held in your business entitys name.

• Opening Balance of 10000.00 Additional Information: Minimum balance of $10,000.

• Max Balance of 10000000.00 Additional Information: We may not accept a deposit to your Business Term Deposit if it would result in the combined deposits of all your Business Term Deposit(s) exceeding $10,000,000.